Fiat Chrysler ups the ante as carmakers respond to Trump threats
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FIAT Chrysler Automobiles said on Sunday that it will invest US$1 billion to modernise two plants in the US Midwest and create 2,000 jobs, upping the ante as carmakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles.
FCA's announcement that it would retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, and potentially move production of a Ram heavy-duty pickup truck to Michigan from Mexico, also highlighted the vehicle industry's keen interest in getting relief from tough fuel economy rules enacted by the outgoing Obama administration.
